Income Tax Standard Deduction For Ay 2025-24. In india, income tax liability is calculated on the basis of your applicable slab rates. 2) tax rebate under section 87a increased from rs 5 lakh to rs 7 lakh.
Access the income tax calculator for a.y. Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior.
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Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior.